Viceca's tips for Robert Kiyosaki Cashflow 101 game

Viveca Stone of getreadyforlove.com shares with us some of her tips from her experiences with Robert Kiyosaki Cashflow 101 game.  Hope some of these tips can help you get more out of the game. — First, what is Cashflow 101? It’s like Monopoly but all grown up. It is a realistic simulation of how you play cashflow in the real world only in this game you don’t really lose your shirt and you learn how to win in the real world. It is…

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12 Tips For Getting The Most Value From The Cashflow 101 Game

12 Tips For Getting The Most Value From The Cashflow 101 Game   By: Leon van der Walt (financial-inspiration.com) Robert Kiyosaki’s Cashflow 101 game is a great learning tool. The following hints have been compiled so that you can get the most value you possibly can from the game. These tips apply to real life as well, so keep your heads up. 1. Don’t cheat. The purpose of the game Cashflow 101 is for you to learn so if you cheat…

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Cashflow 101 game – Have you played?

I have not played Robert Kiyosaki “Cashflow 101” game before, but I heard that there is a computerised version as well.  In fact, there is even a newer version called “Cashflow 102”.  Micheal C. Gray of ProfitAdvisors.com gave a very short introduction of the Cashflow 101 game: Why review a game in a tax and business newsletter? Because this game is designed to help develop business and investment skills. The American educational system is designed to develop good employees, not entrepreneurs or investors….

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Real Estate Investing Mistakes Robert Kiyosaki made

Alex Anderson (GreatInvestmentProperty.com) highlighted this real estate investing mistake most rookies, including Robert Kiyosaki when he brought his first property, made. When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of course, ecstatic. Finally, he had done it. He had taken that first important step in truly building his wealth that the man he called his “rich dad” so often touted-investing. He knew it was very important to become an investor and make his…

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How Ryan builds his wealth

Here’s another proof of the simple “Pay Yourself First” principle that Robert Kiyosaki mentioned in his book “Rich Dad, Poor Dad”.  Ryan McKenzie shares how he uses this simple principle to build up his wealth.  He has 10% of his monthly income deducted automatically from his bank account and deposited into his mutual funds. When I look around at all of my friends, and a lot of my family, I see a lot of people living from pay check to…

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"How I made $122,000 and lost $132,000"

Not knowing the difference between what is an asset and what is a liability can be quite costly as Robert Scott found out.  He could be in better shape had he read Robert Kioyosaki “Rich Dad, Poor Dad”. How I made $122,000 and lost $132,000 – A lesson in Assets vs Liabilities by Robert Scott This is a true story from my own experience that illustrates how buying assets for wealth creation works. Just over 3 years ago I found myself…

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Is Mutual Fund Risky?

In the “Rich Dad, Poor Dad”, Robert Kiyosaki outlines some of the wealth building principles like leveraging on other people’s time and money, using tax laws to your advantage with corporation.  However, he has concern about investing into mutual funds and is staying away from them. In an interview with TheStreet.com back in 2002, Robert Kiyosaki explained his concern that mutual funds are too risky: I am very concerned, personally, about the number of people [who] will never be able…

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Disposable Income?

Rich E. Obscure in his blog (www.richeobscure.com) brought up this interesting phrase – Disposable Income.  We have heard of earned income and passive income from Robert Kiyosaki’s “Rich Dad, Poor Dad”, but disposal income?  The concept of disposable income comes from the idea that after all your expenses are paid, presumably including savings, the money left over is for you to spend on anything you want. Maybe you choose to go out to diner with your “disposable income” or maybe you spend…

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Mind Your Own Business

No, I am not telling you off.  “Mind your own business” is one of the advices that you can find in “Rich Dad, Poor Dad” by Robert Kiyosaki.  The meaning behind this is that you should focus on building on your own business; and your own business revolves around your asset column, as opposed to your income column. I found this article by Sharon Lechter on motivation.blogharbor.com, which summaries the essence of this phrase very well. Are you minding your own business? If…

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Cut Up Your Credit Card

Robert Kiyosaki, in his 22 Jan 2007 Yahoo Finance column, wrote about his take on the classic credit card debt problem. In the real world, credit cards are essential. It would be extremely difficult to rent a car or make hotel and airline reservations without a credit card. It would also be tough to pick up the tab at a business lunch or shop online without a credit card. Personally, I love my credit cards because of the financial freedom they…

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